Hong Kong shares rise, helped by real-estate stock

LOS ANGELES (MarketWatch) -- Hong Kong stocks gained in early Tuesday trading, clawing back losses from the previous session with property shares recovering ground and telecoms also firmer. In the early minutes of trading, the benchmark Hang Seng Index was up 0.4% to 21,558.3, while the mainland-China-focused Hang Seng China Enterprises Index also gained 0.4% to hit 12,713.7. Real-estate developer Hang Lung Group Ltd.
0101, -0.22%HLPPF, +0.00%
added 1% to its share value, while Cheung Kong Holdings Ltd.
0001, -0.98%CHEUF
was up 0.9%, helped by news that tycoon Li Ka-shing had slightly raised his stake in the company. Li's share buy in Hutchison Whampoa Ltd.
HK:13HUWHF
to bring his holdings to 51.7% also helped those shares, which rose 1.4%. Fellow telecom China Unicom Ltd.
0762, -0.41%CHU, +0.24%
gained 0.8%. Over on the mainland, the Shanghai Composite was trading up 0.3% at 3,199.26.

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